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Claire’s and The Original Factory Shop near the administration
THE WHAT? UK retailers Claire’s and The Original Factory Shop (TOFS) are preparing to enter administration, putting around 2,500 jobs at risk. THE DETAILS Both chains are expected to file notices of intention to appoint administrators shortly after the Christmas trading period, providing temporary protection from creditors. The retailers, which together operate just over…
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2025 in Review: Jobs & People – Workforce Resets Gather Pace Amid Market Uncertainty
With growth slowing in key markets, costs rising and confidence uneven, 2025 became a defining year for people, power and priorities across the global beauty and retail industry. From boardrooms to shop floors, companies restructured, recalibrated and, in many cases, reduced headcount—while selectively investing in talent deemed critical to future growth. In the US…